New Delhi, India: C K Birla Group, an India-based manufacturing conglomerate, and France-based automaker PSA Group have agreed to partner on two joint ventures in the automotive sector in India with an initial investment of Rs 700 crore (US$107 million).
China: Automaker Ford Motor Company has partnered with Chinese automaker Anhui Zotye Automobile in a US$765 million joint venture to build electric vehicles (EV) in China, adding to rising EV investment by global automakers in the world’s largest car market.
France, Germany and UK: Airbus, Rolls-Royce and Siemens have partnered to develop a hybrid electric engine and advance battery technology and electric motors, in a move to reduce flying costs and steer away from fossil fuels.
Alaska, US: A new natural gas pipeline for Alaska has been proposed and will be jointly financed by the US and China. It will run parallel to the Trans-Alaska oil pipeline.
Abu Dhabi, UAE: Rolls-Royce, a provider of power systems for the marine and aerospace industries, has signed a memorandum of understanding (MOU) with Abu Dhabi Ship Building (ADSB)—which specialises in the construction of frigates, mega-yachts, and ship repairs—to provide shipbuilding, repair, and refit services across the Gulf region.
China: A strategic agreement has been signed with a subsidiary of China National Machinery Industry Corporation (Sinomach) and Siemens, under which both parties will fully cooperate in such areas as technology R&D, equipment manufacturing and local and global EPC projects.
Japan: Machine tool manufacturer Mazak has partnered with MachiningCloud, a provider of product data content for the machining industry; this will enable Mazak customers to have direct access to complete and up-to-date cutting tool product data from cutting tool and workholding manufacturers.
Niederönz, Switzerland: Sheet metal processing solutions provider Bystronic has partnered with TTM Laser, a specialist for laser-based tube and profile processing, to achieve a wider portfolio which includes tube processing.
Ditzingen, Germany: Laser machine tool manufacturer Trumpf and metal additive manufacturing services provider Sintavia have entered into an agreement to increase the global market presence of the laser machine tool manufacturer’s metal printers in the aerospace industry.